SUSTAINABILITY AND RISK MANAGEMENT IN SHIPPING AND LOGISTICS: BALANCING ENVIRONMENTAL CONCERNS WITH OPERATIONAL RESILIENCE

Authors

  • Oluwakemi Betty Arowosegbe Independent Researcher, Illinois, USA
  • David Olanrewaju Olutimehin Christfill Global Enterprise, Lagos Nigeria
  • Olusegun Gbenga Odunaiya Havenhill Synergy Limited, Nigeria
  • Oluwatobi Timothy Soyombo Havenhill Synergy Limited, Nigeria

DOI:

https://doi.org/10.51594/ijmer.v6i3.963

Abstract

This paper explores the delicate balance between sustainability and risk management in the shipping and logistics industry, addressing the escalating environmental concerns while ensuring operational resilience. Investigating the adoption of sustainable practices, alternative fuels, and eco-friendly technologies, the study examines regulatory frameworks and industry initiatives shaping sustainable development. Simultaneously, it delves into the risks associated with these changes, including financial, operational, and regulatory dimensions. The research also scrutinizes risk management strategies, encompassing proactive measures to mitigate environmental impact, compliance with evolving regulations, and the implementation of resilient operational frameworks. Through a comprehensive synthesis of academic literature, case studies, and industry insights, the paper contributes to understanding how sustainability efforts can align with robust risk management, offering valuable guidance for industry stakeholders, policymakers, and academics navigating the complex landscape of environmental responsibility and operational resilience in the global supply chain.

Keywords:  Sustainability, Risk Management, Shipping Logistics, Environmental Operational, Resilience.

Published

2024-03-28

Issue

Section

Articles